Fri, Aug 9, 2013 12:41 PM EDT 0:58
When Groupon reported second-quarter earnings earlier this week, its Groupon Goods business accounted for $242 million of the company?s $609 million in sales, or 40 percent of total revenue. But with that growth comes challenges. And new CEO Eric Lefkofsky said in a recent interview that he recognizes that improvements are needed The market rebounded from a three-day losing after some widely followed companies like Tesla and Groupon rose following their quarterly reports. Shares in Eric Lefkofsky's Groupon soared as much as 28%, chalking up their biggest one-day gain after the once-struggling Internet discounts website showed signs its turnaround effort was gaining momentum.